Financial planning resources are easy to find (If you’re so rich, why aren’t you smart?)
On the Money From the November 3, 2006 print edition How many times have we heard (or said), “If you’re so smart, why aren’t you rich?” Whether it’s from a scholarly paper with the subtitle “an analysis of the asymptotic properties of Pareto optimal consumption allocations in a stochastic general equilibrium model with heterogeneous consumers,” or from the 1992 episode of “Batman” with the same title, somehow the connection between intelligence and wealth seems to make sense. It probably would be bad form to ask someone who’s very wealthy, “If you’re so rich, why aren’t you smart?” So where can we turn to test our personal store of smarts related to investing? Here are some readily accessible resources for building investment intelligence. The Securities and Exchange Commission provides a number of tools for investors. A helpful real-time quiz appears on the Web at www.sec.gov/investor/tools/quiz.htm. It’s a 10-question multiple-choice quiz that provides explanations for each answer. For example, “Over the past 70 years, the type of investment that has earned the...
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